Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated

  • Breaches of Sainsbury's Bank conveyancing panel Terms and Conditions
  • Sainsbury's Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Non-compliance with the Sainsbury's Bank panel requirements, the written instructions that Sainsbury's Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently adopt.
  • Recurring delays in post completion requirements set by Sainsbury's Bank
  • Your law firm no longer meets the criteria to remain on the Sainsbury's Bank conveyancing panel

How can we assist? Sainsbury's Bank panel reinstatement questions

  • What times frames are involved when applying to be reinstated onto the Sainsbury's Bank conveyancing panel?
  • Can you outline the application protocol to revert back onto the Sainsbury's Bank conveyancing panel?
  • What are the consequences if our Sainsbury's Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Sainsbury's Bank?
  • Who should sign the reinstatement application to the Sainsbury's Bank panel ?
  • Is the door firmly shut if our reinstatement panel application with Sainsbury's Bank is declined?

Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.

Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.

Related Pages